AML Transaction Investigator

About the role

Oppenheimer & Co. Inc is seeking an AML Investigator to join their AML Group in the New York office. The Investigator will perform investigations for growing international-based retail and institutional clients maintained at the firm. This role requires a self-starter with the ability to obtain transactional data from a variety of sources (both internal and external) to execute detailed analysis and reporting of findings to senior management. The focus is on maintaining a high level of technical proficiency in identifying trends in data across multiple inputs, with advanced Excel skills to homogenize disparate data for sophisticated research related to transactional trends and red flags.

Previous experience covering Broker Dealer or Private Wealth business/Private banking in an AML capacity is required.

Responsibilities

• Perform annual high-risk account activity reviews
• Conduct in-depth strategic initiatives related to ongoing AML transaction or trade-based monitoring, concerns, and red flags
• Prepare Suspicious Activity Report (SAR) filings
• Effectively communicate laterally and horizontally, both within AML Compliance and within the branches/business
• Recommend appropriate follow-up and possible action for customers that exceed the Firm’s risk tolerance
• Flexible to perform other functions as requested by management

Requirements

• An acute investigative prowess, with the ability to think critically in identifying AML typologies and patterns
• Exceptional research and analytical skills with the ability to analyze large amounts of data, decipher higher-risk attributes (transactional, geographical, product type, customer type, etc.)
• Proficiency in Excel, VBA, Access, and SQL (MS SQL queries, procedures, functions, and other database objects)
• Experience executing testing across lower environments through implementation related to performance testing and tuning initiatives (preferred)
• Prior Broker Dealer experience, understanding of investment products, financial instruments, and anticipated/expected customer behavior to effectively identify risk and suspicious activity
• Excellent verbal and written communication skills
• Minimum of two years of direct experience in private wealth management, focusing on emerging markets accounts along with domestic accounts
• Bachelor’s Degree required
• Certified Anti-Money Laundering Specialist (CAMS)
• 4-6 years of experience in reviewing customer transactions and information for potentially suspicious activity and performing AML or financial investigations
• Proficient in reviewing and clearing AML surveillance alerts; experience with Actimize is a plus
• Experience articulating detailed investigation analysis and results
• Knowledge of applicable anti-money laundering laws, including the Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements

Pay

For job postings in New York City, the estimated base salary range for this role is $75,000.00 - $100,000.00. Certain positions are eligible for additional forms of compensation such as a discretionary bonus.